Global Tech Sell-off Pressures Indian Equity Markets

Indian equity markets are projected to open flat to lower on June 24, 2026, as a global tech sector sell-off intensifies, likely pressuring domestic IT stocks. This follows significant declines in U.S. technology shares and concerns over foreign institutional investor (FII) outflows. The Nasdaq 100 dropped 1.09% and the S&P 500's technology index fell 1.6% on June 23, 2026, driven by a broad reassessment of tech valuations. India's Nifty IT index already declined 1.5% on June 23, 2026. FIIs were net sellers of Indian equities on June 23, 2026, offloading shares worth 6.54 billion rupees ($78.3 million). While oil and gas, and metal stocks might offer some domestic support, the overall market sentiment remains cautious.